Guideline Value for Sri Baba Nagar

Sri Baba Nagar guideline value

The current guideline value of Sri Baba Nagar, located in Karanaipuducheri village under the Gooduvancheri SRO, is Rs 701 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Sri Baba Nagar has changed

In the 2012 revision, the guideline value for Sri Baba Nagar was Rs 700 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 469 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 700 per sq.ft in the 2023 revision, reflecting a 49% rise. The current 2024 revision has set the value at Rs 701 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value from 2012 to 2024 has remained unchanged, with a total increase of 0% over this period.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value for Sri Baba Nagar is below this median.

• Sri Andal Nagar: Rs 701 per sq.ft (2024)
• Sri Andal Anagar Extn: Rs 700 per sq.ft (2024)
• Sri Balaji Nagar-I: Rs 1,000 per sq.ft (2024)
• Sri Balaji Nagar-II: Rs 1,000 per sq.ft (2024)
• Sri Bhavani Amman Nagar: Rs 1,100 per sq.ft (2024)
• Sri Bhavani Amman Nagar Extension -I: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Baba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value would be Rs 7,01,000. The stamp duty at 7% would be Rs 49,070, and the registration fee at 2% would be Rs 14,020, bringing the total fees to Rs 63,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Baba Nagar?

The Sub Registrar Office covering Sri Baba Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Karanaipuducheri

The guideline value is a crucial factor in property transactions in Karanaipuducheri. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Sri Baba Nagar?

The current guideline value of Sri Baba Nagar is Rs 701 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 701 per sq.ft in 2024. Overall, there has been no change in the guideline value from 2012 to 2024.

What are the stamp duty and registration fees for property in Sri Baba Nagar?

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total fees would be Rs 63,090, which includes a stamp duty of Rs 49,070 and a registration fee of Rs 14,020.

Which Sub Registrar Office covers Sri Baba Nagar?

The Gooduvancheri Sub Registrar Office covers Sri Baba Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the land classification of Sri Baba Nagar?

Sri Baba Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.